Capitalist Critics Called the Crisis
In a Slate article, Daniel Gross debates whether bankers or economists deserve more blame for the boom/bust. After saying that most economists missed the ball, he has a link to this sidebar in which he declares:
Among the economists who kept their heads during the boom and spoke sensibly throughout: Nouriel Roubini of New York University, Robert Schiller of Yale, Mark Zandi of Economy.com, and David Rosenberg, late of Merrill Lynch.
Argh. I’m not claiming conspiracy, but it’s still annoying that he only features Keynesians (right?) who were very pessimistic. What about Mark Thornton calling the housing bubble in June 2004?
Incidentally, did y’all know that Thornton was once a constable? You would know that and so much more lore if you went to Mises University just once. You might pick up some economics along the way, too, but that’s just icing on the cake.
